Electric appliances maker V-Guard Industries reported net revenue from operations of ₹594.27 crore for the quarter ended December 31, 2018, compared with ₹529.68 crore in the same period the previous year, marking a growth of 12 per cent.
Profit after tax (PAT) for the quarter under review stood at ₹33.70 crore. This is lower by 5 per cent compared to the ₹35.44 crore registered in the same period of the previous year.
Speaking to
Chittilappilly expects the fourth quarter (January-March 2019) to be better. “Going forward, we expect better margins in Q4. It is an important quarter as demand rises for many of our products.”
Growth during the third quarter was driven by stabilizers, digital UPS, water heaters and fans, said the company.